SKALE Network Came Into Today Up 2.12%

The Hourly View for SKALE Network

  • At the time of this writing, SKL’s price is up $0.01 (2.02%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Of note is that the 100 hour changed directions on SKL; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SKALE Network’s hourly price chart is shown below.

SKL

The Daily View for SKALE Network

  • At the moment, SKL’s price is up $0.01 (2.12%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between SKL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SKL’s price.

Below is a daily price chart of SKALE Network.

SKL

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